Jam Company bought the ordinary shares of Mad Company designated as equity securities at fair value through other comprehensive income, as follows: June 20,2019 – 1,000 shares for P 101,600 November...

1. How much is the dividend revenue reported in Jam's statement of comprehensive income for the year ended December 31,2020?

2. How much would the equity investment be reported at December 31,2019?

Extracted text: Jam Company bought the ordinary shares of Mad Company designated as equity securities at fair value through other comprehensive income, as follows: June 20,2019 – 1,000 shares for P 101,600 November 5,2019 – 3,000 shares at P 104 per share On January 25,2020, Jam Company received cash dividend of P 4.50 per share. On June 14,2020, it received a 10% bonus issue and on July 18,2020, Jam sold 1,500 shares at P 95 per share. Market values of Mad Company ordinary shares are as follows: December 31,2019 – P 106.70 per share December 31,2020 – P 96 per share